EGLD: The Core Driver of the MultiversX Network
EGLD is the native cryptocurrency of the MultiversX blockchain platform (formerly Elrond) and plays a crucial role in the network. MultiversX is dedicated to building a highly scalable, secure, and efficient blockchain ecosystem, especially after its brand rebranding in November 2022, which shifted its strategic focus to the metaverse. The EGLD token is fundamental to the operation of this ecosystem, supporting core functions such as transactions, staking, governance, and developer incentives.
EGLD Token Issuance History and Supply Evolution
EGLD's supply is not static; its history can be traced back to the old ERD token. The Elrond mainnet officially launched on July 30, 2020, followed by a crucial token swap program on September 3, 2020. The original ERD tokens were swapped for new EGLD tokens at a ratio of 1000:1. This meant that every 1000 ERD tokens could be exchanged for 1 EGLD, significantly reducing the total token supply and establishing EGLD as the new generation network token.
EGLD's Total Issuance and Maximum Supply
According to the MultiversX protocol design, EGLD token issuance adopts a gradual release model. While the maximum supply of early ERD tokens once reached 20 billion, it theoretically decreased to 20 million EGLD after the 1000:1 swap. However, the protocol plans to gradually issue EGLD over the next decade until it reaches its final set maximum supply. As of September 24, 2026, the current total supply of EGLD is approximately 30,816,932 tokens. Multiple data sources indicate that EGLD's ultimate maximum supply will be capped at 31,415,926 tokens.
EGLD's Circulating Supply
Circulating supply refers to the number of EGLD tokens currently available for trading and use in the market. This number dynamically changes with activities such as token unlocking, staking, and burning. As of September 24, 2026, the circulating supply of EGLD is approximately 28,453,453 tokens. It is worth noting that different data platforms may provide slightly different circulating supply data at the same time, which is usually due to differences in data capture time, statistical methods, or the way specific addresses (such as project reserves, unlocked portions) are excluded.
Core Uses of the EGLD Token
EGLD has multiple core functions within the MultiversX network:
- Transaction Fees: Users need to pay EGLD as transaction fees when performing any transactions or executing smart contracts on the MultiversX network.
- Staking and Security: EGLD holders can participate in maintaining network security by staking their tokens, becoming validators or delegating to validators. Stakers will receive EGLD rewards, thereby incentivizing network participation and decentralization.
- Governance: EGLD holders have the right to participate in network governance, voting on important proposals such such as protocol upgrades and parameter adjustments, jointly determining the future development direction of MultiversX.
- Developer Incentives: The MultiversX protocol designed a unique mechanism that allocates 30% of the gas fees generated by smart contract calls to the contract authors, aiming to attract and incentivize developers to build decentralized applications (dApps) on the platform.
EGLD Market Performance Overview
As of September 24, 2026, EGLD's price fluctuates between $4.20 and $4.47, with a market capitalization between approximately $127 million and $135 million, ranking it between roughly 122nd and 226th in the cryptocurrency market (specific ranking varies by data source). EGLD's all-time high price exceeded $540, occurring on November 22 or 23, 2021.
EGLD Trading Channels
As the core token of the MultiversX ecosystem, EGLD can be traded on multiple mainstream cryptocurrency exchanges. Users can find EGLD trading pairs on the following platforms:
- Binance
- Pionex
- Websea
- XT.COM
- Coinbase Exchange
- BYDFi
- WhiteBIT
- Toobit
- Biconomy.com
- KuCoin
- OKX
- Bybit
- bitcastle
- Bitunix
Please note that the cryptocurrency market is highly volatile, and it is essential to verify the latest market conditions and platform information before trading.
The platform information for sale in this article changes with the listing and delisting dynamics of various exchanges. Please refer to the official announcements of the exchanges.
